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Photo – JSW Steel increased steel sales by 27% y/y in Q1 2023/2024
JSW Steel increased steel sales by 27% y/y in Q1 2023/2024

The driver of sales growth was the increase in demand for steel in the infrastructure industry

Photo – Indian traders are buying cheaper steel from China
Indian traders are buying cheaper steel from China

Chinese steel products are offered at deep discounts, which is a problem for local producers

Photo – India increased production of coking coal by 10% y/y in June
India increased production of coking coal by 10% y/y in June

Production fell by 5% compared to May 2023

Photo – India to refrain from duties on certain steel products from China – Reuters
India to refrain from duties on certain steel products from China – Reuters

In this way, consumers will be protected, despite the damage to steel producers.

Photo – Steel expansion gains momentum in India
Steel expansion gains momentum in India

Such plans have JSW, Tata Tata Steel, AMNS and the state SAIL

Photo – ArcelorMittal to finance decarbonization projects in India
ArcelorMittal to finance decarbonization projects in India

Investments will come from the XCarb Innovation Fund

Photo – JSW Steel increased steel production by 10% y/y in April-June
JSW Steel increased steel production by 10% y/y in April-June

During the first quarter of the 2023/2024 financial year, the company's Indian plants produced 6.19 million tons of steel

Photo – India increased steel imports from China to a 6-year high in April-May
India increased steel imports from China to a 6-year high in April-May

India's government is considering imposing a countervailing duty on steel imports from China amid a surge in supplies

Photo – India’s steel exports fell to a six-month low in June
India’s steel exports fell to a six-month low in June

In one month, Indian steelmakers shipped 502,000 tons of steel for export

Photo – The level of export prices on the global steel market decreased in June
The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

Photo – India’s steel exports in June will show further decline – forecast
India’s steel exports in June will show further decline – forecast

In January-May, according to preliminary data, the country reduced steel exports by 33% y/y

Photo – Indian steel will gain greater access to the US market
Indian steel will gain greater access to the US market

The US will exempt some steel and aluminum exports from India from Section 232 duties

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